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Why Holy Cow not on Indian currency? 63 Countries have Picture of this animal on their Currency Notes

Cows have found their way onto the notes of the currencies’ of many countries like Rwanda, Botswana, Burundi, Mexico, Swaziland, Somalia, Gambia and many more

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Cows in India, Pixabay

Dec 9, 2016: For centuries, cows have been considered sacred by Hindus but today the animal has become an integral part of India’s culture. According to ancient Hindu scriptures, the cow is the mother of the 33 crores of deities. Even though it is such an important part of the Indian culture, many of us wonder why it is somehow missing from the currency notes of India?

Cows have found their way onto the notes of the currencies’ of many countries like Rwanda, Botswana, Burundi, Mexico, Swaziland, Somalia, Gambia to name a few.

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Recently, India has included its mission to mars called ‘Mangalyaan’ on the new Rs 2000 note released after the demonetization.

Milk is not the only product cows provide us with. A cow’s urine is a potent carcinogen, therefore it has health benefits too! But before we start exploiting the resources we have at hand like we always do. We need to protect and care for the animal as much as we respect it in our culture.

Nandi (a bull) is worshipped as the mount for Lord Shiva. Pixabay.
Nandi (a bull) is worshipped as the mount for Lord Shiva. Pixabay

Most people think that tethering a cow inside a cowshed is enough. But the cowsheds provide only a roof above their heads to avoid direct sunlight, but they still have to endure the weather conditions which are sometimes extreme. The ropes tying them are very short and the animals cannot even move their heads freely. The cows are separated from their calves for entire days and the isolation, that affect them mentally.

The cows are bred and raised in filthy conditions. The cows, when bathed are not cleaned properly and the water mixes with the dirt on the shed floor forming mud and becomes slurry which results in skin diseases. The cows suffer fatigue due to standing at one place for hours because of crowded shelters. Such cows along with the ones who are undernourished are then sent to slaughterhouses.

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When the milk production reduces, the owners resort to injecting them with oxytocin to squeeze out milk from the cows by contractions of the uterus.

If the cows are not being ill-treated in cowsheds they are being left to fend for themselves on streets and roads where they sometimes meet accidents and die or are severely injured. These cows in the process of feeding themselves from garbage dumps and other sources also ingest non-biodegradable waste like plastics and suffer worse fates.

Our country has the lowest dairy yield and of the worst nutrition value in the world. Therefore, we need better veterinary care for the cows by owners and more people to take care of them instead of fighting over their slaughter. These animals which represent grace and calm need to be respected by being protected.

– by Shivam Thaker of NewsGram. Twitter: @Shivam_Thaker

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Rupee Depreciation Against Dollar Leads to Sharp Rise in Crude Prices

The rupee lost heavily towards the end of the week - over 70 paise in the last three trading session.

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rupees, Dollar, Currency
The currency losing against the dollar and rising crude oil prices was a double whammy for the bond markets. Pixabay

In a choppy week’s trade, the Indian currency weakened against the US dollar to close above the 71 a dollar mark on Friday, owing to a sharp rise in crude oil prices, turmoil in the equity markets and uncertainty around the US-China trade relations.

In what could translate into further trouble for the domestic currency, analysts see an upward move of 6 to 7 per cent in the Brent crude prices in the coming week.

The rupee lost heavily towards the end of the week – over 70 paise in the last three trading session – as traders reacted to the sanction on Venezuela and production cut by OPEC and Saudi Arabia.

Sajal Gupta, Head Fx & Rates Edelweiss, said “technically … crude now looks set for another 6-7 per cent rise” which would mean that the rupee was likely to depreciate further in the coming sessions. “And if Rs 71.80 per dollar is broken, we can head towards Rs 72.50 mark.”

Rupee, Dollar, Currency
The rupee lost heavily towards the end of the week – over 70 paise in the last three trading session. Pixabay

Among other factors impacting the currency, Gupta said, with crude and dollar index giving breakout, rupee would remain under pressure. Trade deficit data released on Friday post market was also not very encouraging with monthly deficit touching almost 15 billion dollars.

“Political tensions would also remain heightened with key leaders vowing strong retaliation in wake of the biggest terror attack in the Kashmir valley.”

Explaining the factors which has caused volatility, Anindya Banerjee of Kotak said the currency markets largely depend on the capital flows … and right now the fear of a possible retaliation by the government in response to the Pulwama attack is having an affect.

“The context of the whole event is also important because (Lok Sabha) elections are around the corner,” Banerjee said.

Also, the currency losing against the dollar and rising crude oil prices was a double whammy for the bond markets, he added.

On the global front, discussing the factors affecting the currency, Banerjee said, the Chinese economy was very fragile right now and moreover investors were looking for developments in the US-China trade talks.

Rupee, Dollar, currency
India on Friday revoked the Most Favoured Nation Status (MNS) of Pakistan which has led to decline in equite markets for 6 straight years. Pixabay

However, Gurang Somaiya, currency analyst, Motilal Oswal, felt that the rupee was protected from any major weakness as “Foreign Institutional Investment (FII’s) came around good”, especially in February.

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According to data from the bourses, FII has seen inflows worth Rs 1,096 crore in February.

India on Friday revoked the Most Favoured Nation Status (MNS) of Pakistan and has warned that more stern actions will follow the attack in Pulwama. Additionally, equity markets have declined for 6 straight sessions showing weak investor sentiments. (IANS)